Question
Wattawa Corporation offers credit terms of 1/15, net 60. Based on experience, about 75% of customers take the discount. Which one of the following is
Wattawa Corporation offers credit terms of 1/15, net 60. Based on experience, about 75% of customers take the discount. Which one of the following is the best estimate of Wattawa Corporations average collection period?
Group of answer choices
18.75 days
21.5 days
32 days
37.5 days
26.25 days
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Finance For Non-Finance People
Authors: Sandeep Goel
2nd Edition
0367185083, 9780367185084
